Support Lines and Point and Figure Charts If you have seen my other video lessons on point and figure charts, you know that support lines often act like brick walls. And point and figure charts tend to drift down toward support lines and often (but not always) bounce...
In this video, we take a look at the POWER of support lines. Some support lines will cause changes in your 401(k) if broken. Support lines often act like brick walls, meaning we tend to get a bounce off a support line. And it takes a LOT to break a support line. Here...
After a good run in late October, the last day of October AND now the first day of November, the stock market is off to a thud. What's happening? There is a significant difference between the stock market action in late July - early August and now. The drop in August...
Sell Signals: Not to be ignored Netflix (symbol NFLX) is a great example (at the present time) of what happens if investors ignore sell signals. One of the great features of point and figure charts is that they often have clear actionable points along the way. Netflix...
This is the Dow Jones Industrial Average (September 26, 2011 close) point and figure chart. This is a 100-point box chart (each box along the side represents 100 points on the Dow Jones). All charts are courtesy of Dorsey Wright & Associates Dorsey Wright offers a...
Don't worry about "why" your investment is falling. Focus on "what" instead. What is happening now. Don’t worry about “WHY”...everyone is doing that. Gyrating stock prices are getting swung around by deceptive news headlines, faulty stories -- all designed to play...
Suddenly stopping...from Belmar, NJ along the way to NYC. A question came up recently from a client... "we invested in the stock recently, and it went up nicely at first. But recently, the stock has started to fall. I'm not sure if we should close this position...
This article could be titled: Can (fill in the blank) go any lower? I'm not picking on Merck. The reality is you could drop in Merck, Citibank, General Motors, Ford, J.P. Morgan, along with most other names in the Dow Jones Industrial Average (and most of the largest...
Do you know what a "trend change" is? When a stock (or a mutual fund) has been above its' support line, it's in a positive (or upward) trend. When that stock breaks the support line and starts moving down, you really don't want to own that anymore. Because the...
